Last night we sent out out a soybean sell signal & hedge alert.

This is an update for that advice:

Those of you that have hedge accounts, we want to move our stop up to $10.79 and turn it into a trailing stop. Meaning if we head higher, the stop automatically gets raised higher.

If you want to go with a put strategy instead to simply put in a short-term floor, we would look at the weekly $10.80 to $10.90 strikes. Which currently cost between 6-12 cents.

These strategies keep our upside open in case the rally continues, while keeping our downside limited it the market decides to reverse lower.

This market has the chance to be substantially higher or lower over the next several days.

With the volatility, we feel that puts make more sense than futures, but everyone has different comfort levels.

We are choosing the short term put because we feel like prices could have a wide range this week. If the market goes higher, we will buy another put at a higher strike to raise our floor.

If the market goes lower, our floor cost much less than if you decided to buy a long term put.

For those of you that are cash marketers, it would make sense to spread this signal out over the next few days.

We have the Trump and China meeting later this week that could push the market either way depending on if soybeans are going to be included in a deal or not. Still uncertainty in this market.

Keep in mind, if we do get a deal done with China it should be extremely supportive for basis in that areas that spread well to China.

I am not getting carried away on this signal or getting oversold.

I still see a path that could involve much higher prices. It simply makes sense to reward this size of rally we’ve seen in just 3 weeks. Especially given how patient we’ve been on our soybean sales this year.

For the charts,

Jan soybeans just posted new yearly highs.

Not the worst spot to take some risk off the table.

The continuous chart is potentially breaking out this range we’ve been trapped in for the last 475 days.

We have a potential gap of air towards $11.40

Breaking out of a range we’ve been stuck in for a year is not nothing.

Before your free trial ends..

Take advantage of our Halloween sale so you don’t miss future updates or signals.

Click Here

Past Sell or Protection Signals

Oct 13th: 🐮

Cattle sell signal & hedge alert.

SOYBEAN SELL SIGNAL & HEDGE ALERT *UPDATE*

Past Sell or Protection Signals

Want to Talk?

Hedge Account

GRAINS SOAR WHILE CATTLE BLEEDS

SOYBEAN SELL SIGNAL & HEDGE ALERT

SOYBEAN SELL SIGNAL & HEDGE ALERT UPDATE